In June 2018, the cryptocurrency community waited with baited breath for the Securities and Exchange Commission (SEC) decision on whether cryptocurrencies were securities, commodities, or something else.

If the commission treated them as securities, they would be subject to much greater oversight and regulation, and many U.S.-based holders would divest their holdings while incentives to innovate would decline. If, however, the SEC decided that cryptocurrencies were not securities, investors and innovators might find them even more attractive. In the end, the SEC reached a split verdict: The largest cryptocurrencies like Bitcoin and Ether would not be treated as … Read more

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